STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Friday session. The algo printed three numbers in the Thursday session. Copper receives a  boost which creates ongoing buoyancy in the stock market. JJC ends yesterday's session at 31.84 exactly at the number the algo called out one day before it occurred. Isn't it amazing and remarkable that the algorithm can identify these important parameters and levels before they occur? There are, however, surprisingly, only a few of the over 3,000 daily users of the KE Blog sites that view this information as important, useful and valuable to their daily trading.

The algo is tracking JJC 31.88 currently. Market bulls will receive upside juice driving stock prices higher if JJC moves above 31.88 and copper is trading higher this morning which will create this outcome. Bears need to push copper lower to create a ceiling in the stock market.

UTIL 597 is another important level to watch. UTIL begins at 591 and bulls will receive strong upside juice if UTIL moves above 597. The UTIL 597.56 bull-bear level is very important for every day next week so pay attention to this level at the 4 PM EST closing bell today for a heads up on market direction come Monday. If JJC moves above 31.88 and UTIL above 597-598, the SPX will be running well above 2100. Bears must prevent both these levels with all their might to halt the stock market rally.

For the SPX starting at 2089, the bulls need to touch the 2099 handle and a several-handle upside acceleration will occur above 2100. S&P futures are +7 at this writing about 2-1/2 hours in front of the opening bell so bulls are targeting 2099 and want to make a run using copper as the upside fuel. The bears must push below 2086 to accelerate the downside. A move through 2087-2098 is sideways action to end the week.

The algo number is only six points above the signal line so the caution flag is out. The bulls are driving the bus and relying on copper to carry stocks higher. Bears can only lock-in a downside move ahead if either the VIX moves above 15.86, or NYA under 10842, or UTIL under 575; any one of the three will do.

3/22/15; 7:00 PM EST =

3/19/15; 10:13 AM EST = +51; signal line is +45

3/19/15; 9:53 AM EST = +67; signal line is +44

3/19/15; 9:36 AM EST = +51; signal line is +42

3/18/15; 3:11 PM EST = +67; signal line is +41